Jumia corrects Regional CEO’s share ownership label
The Regional CEO’s reported VRSUs have scheduled vesting dates in 2026 and 2027 and may be settled in cash or equity at Jumia’s discretion.
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Rhea-AI Filing Summary
Jumia Technologies AG’s Form 3/A corrects a clerical error in the security title from ordinary shares to ADSs; the reported ADS count remains unchanged. As of October 19, 2026, Regional CEO Renaud Matthieu GLENISSON is shown with 78,386 ADSs directly and 5,710 ADSs indirectly by Direct Family. His holdings also include 56,000 VRSUs scheduled to vest December 9, 2026, and 28,000 VRSUs scheduled to vest December 15, 2027. Subject to conditions, the VRSUs may be settled in cash or equity at Jumia’s discretion; if settled in equity, each VRSU would convert into one ordinary share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Virtual Restricted Stock Units (VRSU) F4, F2 | -- | -- | -- |
| Holding | Virtual Restricted Stock Units (VRSU) F4, F3 | -- | -- | -- |
| Holding | American Depositary Shares (ADS) F1 | -- | -- | -- |
| Holding | American Depositary Shares (ADS) F1 | -- | -- | -- |
Footnotes (4)
- F1. Each ADS represents two ordinary shares of Jumia Technologies AG.
- F2. The VRSUs were granted pursuant to the Virtual Restricted Stock Unit Program 2023 and will vest on December 9, 2026. They do not have an expiration date.
- F3. The VRSUs were granted pursuant to the Virtual Restricted Stock Unit Program 2025 and will vest on December 15, 2027. They do not have an expiration date.
- F4. In the case of VRSUs granted pursuant to the Virtual Restricted Stock Unit Program 2023 and Virtual Restricted Stock Unit Program 2025, subject to certain conditions, each VRSU entitles the holder to receive a cash payment equal to the average of the closing price of the ADSs on the first five trading days after the publication by Jumia Technologies AG of its last quarterly financial results. In each case, Jumia Technologies AG is entitled, at its sole discretion, to settle the VRSUs either in cash or in equity. If the VRSUs are settled in equity, each VRSU would be converted into one ordinary share of Jumia Technologies AG.
Key Figures
Key Terms
Virtual Restricted Stock Units (VRSU) financial
Virtual Restricted Stock Unit Program 2023 financial
Virtual Restricted Stock Unit Program 2025 financial
FAQ
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